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YOUR RESEARCHTrade in Value on 2002 996
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Check edmunds.com or kbb.com
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That's what the auto industry uses, not the Kelley Blue Book.
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what do you think a fair trade in value would be on my 2002 996 C2 Aero and what about retail price? Here are the specs:
Black w/ Black Partial Leather
8000+/- miles
Aerokit
Advanced Technic Package
Heated Seats
18� Carrera wheels
Colored caps
PSM
Aluminum Shifter
B&M short ****
Clear side markers
The best way to get an accurate evaluation is to take your car to at least two Dealers in your area and ask them what they will pay you for your car. I can almost guarantee you that you won't be happy. I've seen a few 996s at CarMax, so if a CarMax is near you, try them for a quote.
I'd say mid 40's given low mileage. If you get a good trade value, make sure you can also get a good purchase price on the new car.
I think you get to reduce your sales tax on the new car. Check how much you can save in taxes vs how much more money you'll get selling it yourself.
Current (month of April) wholesale dealer auction prices on 2002 C2 coupe in the Northeast range from $32K for a car with 75,000 miles to $47K for a car with 7K miles.
Unfortunately, all of the stuff you list with the exception of the 18" wheels, does nothing to influence the cars value as a trade-in. You can expect about 10% less than wholesale on a trade so that if the car does not sell at retail, it will still be profitable for the dealer to sell it at auction.
Retail value for your car by a dealer would be as much as they can get from the buyer, but not less than 10% of what they paid for the car. Any less than that and it is off to the auction block for the car.
I'd put trade-in at upper 40's and retail at low to mid 50's. Don't use kbb.com to price out the car. Use
www.nada.com
. That's what the auto industry uses, not the Kelley Blue Book. The NADA prices are a bit high though since they contain data from when the market for 996's was better a few years ago, so take about 5% off of them.
The trade-in can go a few thousand either way depending on the deal you're getting on the car you're buying, i.e. they're not going to give you as much on the trade in if you're getting the new car for a great price.
The trade-in can go a few thousand either way depending on the deal you're getting on the car you're buying, i.e. they're not going to give you as much on the trade in if you're getting the new car for a great price.
That's why it's not good to mix the two transactions. Determine a buying price for the new car before even talking about what they'll pay for your car.
The other thing that influences what the trade is worth is whether they have a buyer waiting. When I traded my TT, they gave me closer to retail because they had a buyer for my car. It was sold the day I traded it in. They never even put it on the lot.
If you trade your car in, you are going to lose.
When a dealer looks at your car, he first books it out to wholesale value. Then he begins to deduct from wholesale value every flaw that he can find such as tires not being new, scratches in paint, reconditioning, etc.
When it is all said and done, you are getting less then wholesale for your trade in. The dealer will write his car up at MSRP or higher depending on what you think your trade-in is worth and you will pay the difference between the dealers less then wholesale price for your vehicle, and whatever he is willing to discount on his new vehicle, to make the deal. In any and all cases....you lose.
In other words, if you want more than wholesale for your vehicle, the dealer will not discount his vehicle accordingly. The dealer is only looking at the difference between the trade in allowance and his profit on the vehicle he is selling. He is going to hold whatever profit margin he deems neccessary on the new vehicle as if he were selling it with no trade involved. He looks at your trade in as a future profit after reconditioning just as if he had bought it from you without any new car purchase involved.
Anyone who trades a vehicle in to a dealer on a new car deal is either lazy, or is fooling themselves if they think they are making a good deal.
Spend the time, price the car right, and sell it yourself.
Tom L
2002 C2
With 8,000 miles you should sell it yourself.Ask around 55k take your time you should get around 49-53k might take a couple of months.Dealers have overhead a lot of people have to eat off one car.
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